Are SPACs Driving the Democratization of IPOs?


Special purpose acquisition companies (SPACs) are transforming the IPO market. Institutional investors appreciate the transparency, access, and investment options of SPAC transactions over traditional IPOs. As a result, SPAC IPO issuance has accelerated, resulting in 121 public SPACs holding more than $34 billion in cash as of June 30, 2020 — and the third quarter of 2020 is seeing more of the same.

In our Q2 2020 SPAC market update, “Are SPACs Driving the Democratization of IPOs?” we explore:

  • SPAC IPO momentum in 2020
  • SPACs vs. IPOs vs. direct listings
  • The benefits of SPACs, including transparency and access
  • Specific sectors gaining SPAC attention

Download the market update by clicking here.